BTC Gains 4.3% in a Week, Now Trading at $95K+
Bitcoin approaches $100000 resistance as it gains 4.3% over the past week, trading at $95,400 on April 29. If the momentum continues, BTC could reach the six-figure mark in early May.
Bitcoin Moves Independently from Stocks
Bitcoin has recently decoupled from the stock market and now appears to mirror gold’s price trajectory. Analysts attribute this to rising money supply (M2), and note Bitcoin’s resilience to tariff-related risks — unlike traditional equities.
A 5.46% Push Could Do It
If BTC climbs another 5.46%, it would break past $100000. Crypto analyst Michaël van de Poppe noted that Bitcoin has yet to hit its historical high in BTC/gold terms, and that the current cycle is still 30% below the 2021 peak. “It’s a solid setup,” he said, “and the real risk-on trend hasn’t even started.”
Historical May Returns Favor Upside
Data from CoinGlass shows that since 2013, Bitcoin has averaged a 7.94% return in May. If history repeats, BTC could reach $102,273 this month. However, its median May return is 3.17%, implying a more conservative target of $97,826.
Sentiment and Capital Inflows Are Key
While past performance suggests a path to $100000, sustained capital inflows and improved investor sentiment will be critical. Should these continue, a decisive breakout above this psychological barrier is within reach.
